Indian shipbuilding industry: Hopelessly cost-noncompetitive – 2 Jun 2022

The Indian shipbuilding industry compared to China, for example.

There are as many as 28 shipyards at less than 0.5% of the global share

China has over 50% of the market

Even a big subsidy has failed to motivate the industry

What are the key reasons why Indian shipbuilding never took off?